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Committee reviews FY26 budget draft; staff aiming for GFOA budget-book standards
Summary
Committee heard that staff proposed no FY26 staff amendments and are preparing a budget book aligned with Government Finance Officers Association (GFOA) standards, with the comptroller having reviewed the draft and offering positive feedback.
The Budget and Finance Advisory Committee discussed the FY26 budget draft and staff plans to prepare a budget book aligned with Government Finance Officers Association (GFOA) guidance.
Miss Holden said there were no staff-proposed amendments on the agenda and that the comptroller had reviewed the draft budget and "sent back literally this looks good to us." Staff said they intend to follow GFOA budget-book requirements as a benchmark and to prepare a budget book this year to improve presentation and to position the city to apply for a GFOA budget award next year.
Committee members suggested having the proposed timeline and budget book approach discussed at the full board (BOMA) and noted the importance of timely filing, given prior delays in audit filing the past two years. The comptroller's positive review was described as a favorable sign but does not substitute for formal board approval and adoption procedures.
No formal committee vote was recorded on the FY26 draft during the meeting; the item was presented as a placeholder and informational update ahead of second-reading votes scheduled for the board.
